Kimisitu DT Sacco dismisses reports of AGM irregularities

Kimisitu DT Sacco has dismissed circulating reports claiming irregularities in its Annual General Meeting, including claims that the society failed to convene the event due to undisclosed reports.

Officials described the information as false and misleading, insisting the cooperative remains fully committed to transparency and regulatory compliance.

The society successfully conducted its 41st hybrid AGM on 14 March 2026 at the Desmond Tutu Conference Centre. More than 7,000 members participated, combining in-person attendance with virtual access.

This hybrid format allowed broad engagement, reflecting Sacco’s focus on inclusivity and member convenience through robust digital platforms.

Key resolutions approved by members

During the meeting, members deliberated and approved several significant resolutions:

• Declaration of a 16% dividend on share capital.
• 9% interest on member deposits.
• A strategic partnership with the Kenya Mortgage Refinance Company to facilitate affordable residential housing for members.
• Introduction of a Group Last Expense Cover for all members.

These decisions underscore Sacco’s strong financial health and member-centric approach.

Regulated by the Sacco Societies Regulatory Authority, Kimisitu DT Sacco maintains an asset base exceeding KSh 12 billion and holds ISO certification for quality management.

The institution offers diverse savings and credit products, including loans up to KSh50 million, accessible via user-friendly digital channels that enable seamless joining and transactions from anywhere.

Kimisitu DT Sacco reiterated its dedication to remaining a transparent, member-driven organisation that prioritises financial empowerment and compliance.